Reletting Expense. Because damages relating to the Owner's costs to replace tenants are difficult to ascertain in the situations described below, Residents agree that a reletting expense of $300.00, which does not exceed eighty-five (85%) of the highest monthly rent under this Agreement, is a reasonable estimate for such activity. Residents will be required to pay the reletting expense: a) for failure to provide written move-out notice pursuant to terms of this Agreement;
Reletting Expense. Because damages relating to Owner's costs to find and replace tenants are difficult to ascertain in the situations described below, Residents agree that a reletting expense of $300.00, which does not exceed eighty-five (85%) of the highest monthly rent under this Agreement, is a reasonable estimate for such activity. Residents will be required to pay the reletting expense: a) for failure to provide written move-out notice pursuant to terms of this Agreement; b) upon Owner's demand in the event of Residents' default; c) pursuant to a court order for eviction; d) for failure to pay rent in full for the entire lease term or renewal period upon move-out; or e) failure to pay any additional unpaid balances owed. The reletting expense is not the same as a lease cancellation fee or buyout fee, rather, it is an agreed upon liquidated amount to cover Owner's damages in part. The reletting expense is not a substitute for and does not release Residents from liability for damages to the Leased Premises, cleaning charges, past and future rent due, or other amount due under this Agreement.
Reletting Expense. Because damages relating to Owner's costs to find and replace tenants are difficult to ascertain in the situations described below, Residents agree that a reletting expense of $300.00, which does not exceed eighty-five (85%) of the highest monthly rent under this Agreement, is a reasonable estimate for such activity. Residents will be required to pay the reletting expense: a) for failure to provide written move-out notice pursuant to terms of this Agreement; b) upon Owner's demand in the event of Residents' default; c) pursuant to a court order for eviction; d) for failure to pay rent in full for the entire lease term or renewal period upon move-out; or e) failure to pay any additional unpaid balances owed. The reletting expense is not the same as a lease cancellation fee or buyout fee, rather, it is an agreed upon liquidated amount to cover Owner's damages in part. The reletting expense is not a substitute for and does not release Residents from liability for damages to the Leased Premises, cleaning charges, past and future rent due, or other amount due under this Agreement. 21. MOVE-OUT NOTICE PROCEDURES. Prior to moving out, Residents are required to provide Owner with at least thirty (30) days advance written notice. The move-out notice must comply with the notice provision of this Agreement and provide Residents' move-out date. Residents must obtain written acknowledgment from Owner of receipt of Residents' move-out notice. If Owner terminates this Agreement, Owner will provide Residents with the same notice unless Residents have breached the terms of this Agreement. Oral move-out notice is not an acceptable form of termination. The move-out date provided for in the notice cannot be changed without additional written agreement signed by both parties. Each Resident must provide Owner with their forwarding address in writing. A move-out notice does not release Residents from liability under the full term or any renewal terms of this Agreement except where Resident moves out pursuant to a Military Personnel Release or if Owner and Resident agree to such release in a written amendment signed by both parties. Residents and Residents' guests must vacate the Leased Premises on or by the agreed upon move-out date, the date contained in Resident's move-out notice, or Owner's notice to vacate. Owner may pursue action for possession for any hold over after expiration of the term of this Agreement or its termination, without the consent of Owner. Additionally, Re...
